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Business·Finance & Economy

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

The Central Bank of Nigeria (CBN) says the country’s external reserves increased by 5.6 per cent (about $2.2 billion) to $38.8 billion in 2024. The apex bank stated this in its recently

Victor Ezeja

May 4, 2025

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Finance & Economy·Opinion

CBN And Economy: Policy Options And Projections

Central banks are at the heart of the economy and they evolve monetary policies to keep a nation’s currency and economy stable. But it has been observed that central banks are often

Arize Nwobu

January 23, 2025

Finance & Economy·Opinion

Economy And CBN’s Coordinated Strategies

The present economic challenges are undoubtedly harsh, but great efforts are being made by both the fiscal and monetary authorities to arrest the situation and stabilize the economy. Worldwide, economies go through

Arize Nwobu

November 18, 2024

Financial Inclusion Key To Realising Nigeria's $1trn Economy Target - Cardoso

Opinion

CBN Governor Should Rethink Misaligned Twin Policies Of Capitalisation And Rate Increase – Nze Duru

These are not the best of times for the Nigerian banking industry. This is despite its increasing contribution to the National Gross Domestic Product annually. In 2023, the financial sector contributed a

Nze Chidi Duru

August 4, 2024

Capital Importation: Banking Sector Records Highest Inflow In Q3 2024

Business·Finance & Economy·News

Nigeria’s External Reserves Rise To $37bn, Gain $2.35bn In 18 Days

Nigeria’s external reserves have increased to $37.05 billion as of July 18, 2024. This amounts to $2.35 billion or 6.7 per cent increase from $34.70 billion in June 2024. This was revealed

Victor Ezeja

July 23, 2024

Finance & Economy·News

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

The Central Bank of Nigeria’s (CBN) monetary policy committee has increased the benchmark interest rate, known as the Monetary Policy Rate (MPR), from 26.25 per cent to 26.75 per cent. This was

Victor Ezeja

July 23, 2024

Naira vs Dollar: What To Expect This Week (10th-15th, March 2025)

Opinion

Reflections On CBN’s Remedial Policies

The Governor, Central Bank of Nigeria (CBN), Olayemi Cardoso, and his team assumed office at a critical time when there was a crisis of confidence in CBN and the economy at large,

Arize Nwobu

July 23, 2024

Business·Currency·News

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

In an effort to foster stability and lessen market volatility, the Central Bank of Nigeria (CBN) has again intervened in the foreign exchange (forex) market, selling a total of $122.67 million to

Victor Ezeja

July 13, 2024

Business·Finance & Economy

Banks’ Recapitalisation Will Strengthen Nigeria’s Economy – UBA GMD

Group Managing Director of United Bank for Africa PLC, Mr Oliver Alawuba, has underscored the critical role of banks’ recapitalisation in strengthening Nigeria’s economy. Prime Business Africa recalls that the Central Bank

Victor Ezeja

May 21, 2024

Opinion

Economic Challenges, CBN And Reconstruction Policies

Economic reconstruction is defined as "a process for creating a proactive vision of economic change.’’ The need for economic reconstruction arises from the existing fundamental problems

Arize Nwobu

April 18, 2024

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CBN latest news

How Nigeria’s External Reserves Rose By 5.6% To $38.8bn In 2024 — CBN

CBN And Economy: Policy Options And Projections

Economy And CBN’s Coordinated Strategies

CBN Governor Should Rethink Misaligned Twin Policies Of Capitalisation And Rate Increase – Nze Duru

Nigeria’s External Reserves Rise To $37bn, Gain $2.35bn In 18 Days

CBN Raises Benchmark Interest Rate To 26.75% Amid Soaring Inflation

Reflections On CBN’s Remedial Policies

Forex Crisis: CBN Sells $122.67m To 46 Authorised BDC Operators

Banks’ Recapitalisation Will Strengthen Nigeria’s Economy – UBA GMD

Economic Challenges, CBN And Reconstruction Policies

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